[ad_1]
January 1, 2024 / 4:19 PM IST
Deven Mehata, Choice Broking Equity Research Analyst
After opening sideways, Nifty traded volatile today, reaching an all-time high of 21834.35 before correcting from higher levels and closing just above the 21700 support level. Bank Nifty also retreated and found support around 48000 and managed to close above the mentioned support.
Markets turned positive from flat, Sensex rose 0.04% to close at 72271.94, Nifty rose 0.05% during the day to close at 21741.90 levels, while Bank Nifty was negative, down 0.12%. It was settled for 48234.30.
Among the sectors, Nifty PSU Bank, Nifty Media and Nifty IT ended in the green, while Nifty Auto, Nifty Consumption and Nifty Fin Services ended lower. Among Nifty stocks, Nestle, Adani Enterprises and Adani Ports were the top gainers, while Eicher Motors, Bharti Airtel and M&M were the top losers.
INDIA VIX rose 1.24% during the day to settle at 14.68.
The index has support near the 21600-21500 zone. Looking at the OI data, on the call side, the highest OI observed is 22000, followed by a 21800 strike price. On the other hand, on the put side, the highest OI is the 21700 strike price. On the other hand, support for Banknift lies at 48000-47900 and resistance lies at 48450 and 48600 levels.
[ad_2]
Source link
